KEC International Ltd reports higher consolidated PAT of Rs. 142.55 crore in Q2FY21

KEC INTERNATIONAL LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3264.44 crores during the period ended September 30, 2020 as compared to Rs.2213.67 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.142.55 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.70.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.5.55 for the period ended September 30, 2020 as compared to Rs.2.75 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 3264.44 crs	₹ 2213.67 crs	47.47%
Net Profit	₹ 142.55 crs	₹ 70.80 crs	101.34%
EPS	₹ 5.55	₹ 2.75	101.82%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.3264.44 crores during the period ended September 30, 2020 as compared to Rs.2812.40 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.142.55 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.139.12 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.5.55 for the period ended September 30, 2020 as compared to Rs.5.41 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 3264.44 crs	₹ 2812.40 crs	16.07%
Net Profit	₹ 142.55 crs	₹ 139.12 crs	2.47%
EPS	₹ 5.55	₹ 5.41	2.59%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.5478.11 crores during the 6 months period ended September 30, 2020 as compared to Rs.5227.58 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.213.35 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.227.73 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.8.30 for the 6 months period ended September 30, 2020 as compared to Rs.8.86 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 5478.11 crs	₹ 5227.58 crs	4.79%
Net Profit	₹ 213.35 crs	₹ 227.73 crs	-6.31%
EPS	₹ 8.30	₹8.86	-6.32%

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the robust growth in revenues for the quarter, amidst a challenging environment. This is a result of our concerted efforts towards accelerated ramp up in execution, increasing labour strength and deployment of Mechanisation, Automation & Digitalisation initiatives to improve productivity and quality of execution. We have also delivered a growth in profitability backed by significant reduction in interest and tax cost. With operations largely normalized and order book + L1 of ~Rs 23,000 Crs, we are confident of a continued good performance in the second half of the year."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.329.8 as compared to the previous close of Rs. 325.45. The total number of shares traded during the day was 10138 in over 695 trades.

The stock hit an intraday high of Rs. 331.45 and intraday low of 325. The net turnover during the day was Rs. 3338451.

Source : Equity Bulls

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